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Roxburgh Park

POSTAL CODE: VIC, 3064
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A steady increase in median property prices over a five-year period in the suburb translates to a 7.69% capital gain.

Property investors in ROXBURGH PARK enjoyed capital gains of 6.06% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $700,000.

Profits due to an upward trend in home prices there averaged 2.56% per annum over a 3-year period.

Home owners selling their properties and realtors in ROXBURGH PARK usually have to wait an average of 64 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $550 mark, reflecting a 4.09% increase in returns based on the current median price in ROXBURGH PARK.

ROXBURGH PARK, 3064 places 253rd in Australia based on median property value growth during the quarter.

Surburb overview

Roxburgh Park is a suburb of the City of Hume, Victoria, approximately 21 kilometres north of Melbourne's Central Business District. As of the 2021 census, it had a population of 24,129.

The suburb covers an area of about 6.8 square kilometres, with 35 parks covering nearly 18.1% of its total area. Between 2011 and 2016, Roxburgh Park experienced a population growth of 13.3%, increasing from 19,235 to 21,786 residents. The predominant age group is 10 to 19, indicating a youthful demographic.

The Craigieburn railway line facilitates public transportation in Roxburgh Park. The Roxburgh Park station provides access to Melbourne's city centre. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Essential amenities are readily available in Roxburgh Park. The suburb features shopping centres, including Roxburgh Village, which offers supermarkets, retail stores, and dining options. Educational institutions such as Roxburgh Park Primary School, Roxburgh Homestead Primary School, and Roxburgh College cater to the community's academic needs.

Recreational opportunities abound, with numerous parks and green spaces. The suburb has 35 parks covering nearly 18.1% of its total area, providing residents with ample outdoor spaces for leisure and sports activities.

In terms of housing, Roxburgh Park offers a variety of options. The median house price is approximately $575,000, with a rental yield of 3.53%. The area has seen a population growth of 13.3% between 2011 and 2016, reflecting its increasing popularity among homebuyers.

Roxburgh Park presents a blend of cultural diversity, accessible amenities, and recreational facilities, contributing to its appeal as a residential suburb within Melbourne's northern corridor.

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